Verizon Communications Inc. has broken through a support line of a Descending Triangle and suggests a possible movement to 55.63 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 12 days.
Big movement expected on Verizon Communications Inc. after a breach of the support
